German companies in Hungary more optimistic

About 68 percent of some 100 companies surveyed by the German-Hungarian Chamber of Industry and Commerce (DUIHK) said the position of their business is “good”, up from 55 percent in a survey conducted in the spring.

The percentage reached the highest level since 2005.

About 52 percent of respondents expect their positions to improve, while just 4 percent augur a deterioration.

About 56 percent plan bigger capital expenditures in the coming twelve months and 61 percent expect to make new hires, up from just 40 percent and 45 percent, respectively, in the spring survey.

The positive responses are founded on the favourable condition of the economies of both Hungary and Germany, DUIHK said.

Three-fourths of the companies said a shortage of qualified labour poses one of the biggest risks for business in the coming twelve months. The second-biggest worry, cited by 47 percent of respondents, was wage costs.